Roll Call! House Passes $10.10 Minimum Wage (87-57), 2014

PASSED
in the State House of Representatives
on April 8, 2014, by a vote of87-57

.Purpose: The Committee on General, Housing & Military affairs offered a strike all amendment to H.552, calling for a rise in the Vermont hourly minimum wage from $8.73 to $10.10, effective January 1, 2015. .

Analysis:The rise from $8.73 to $10.10 is a 16% increase and is estimated to cost Vermont businesses $30 million..
State economist Tom Kavet testified that a rise in the minimum wage to $10 would result in the loss of 250 jobs or the equivalent in hours, and roughly 5000 of the 20,000 Vermonters who’s salaries would be effected by the rise in wages (single parents with one child) would see their benefits decrease by a greater amount than the wage increase..
Vermont already has the third highest minimum wage in the United States. .

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